Term and Options to Extend. The term of this Agreement shall commence on January 13, 2011 (the “Commencement Date”) and shall continue thereafter for an initial term of two (2) years until January 12, 2013 (the “Initial Term”). Upon the expiration of the Initial Term, this Agreement shall remain in effect for three (3) additional periods of one (1) year each, from January 13 of one year until January 12 of the following year, (each being an “Annual Term”) unless either party delivers a written notice of termination to the other party at least ninety (90) days before the expiration of the Initial Term or any Annual Term then in effect. The date on which this Agreement expires as provided in this Section 2.A is the “Expiration Date.”
Term and Options to Extend. The Term of this Agreement shall commence on September 1, 2021 and shall terminate on August 31, 2026 (the “Term”), unless otherwise terminated as provided in Section 25 or unless both parties elect to renew the Agreement for up to three (3) additional one-year periods. University agrees to give Bank notice by the first day of June 2026 that it desires to extend the Term and upon mutual agreement, the Term shall be extended for a
Term and Options to Extend. The Term of this Agreement shall commence on May 1, 2018 and shall terminate on June 30, 2024 (“Termination Date”), unless otherwise terminated as provided in Section 25 (the “Term”) or unless both parties elect to renew the Agreement for up to three (3) additional one-year periods. JMIS agrees to give Bank notice by the first day of February 2024 that it desires to extend the Term and upon mutual agreement, the Term shall be extended for a one (1) year period. This extension procedure shall likewise be applicable with respect to the two additional one-year periods. Notwithstanding the foregoing or anything to the contrary in Section 25, upon the final effectiveness of any termination of the Sponsorship Agreement or ATM Agreement other than due to a default thereof by Bank (“Qualifying Termination”), then Bank shall have the right to terminate this Agreement by providing written notice to JMIS within thirty (30) calendar days of such Qualifying Termination.
Term and Options to Extend. The Term of this Agreement shall commence on December 1, 2020 or as of the date indicated by the last to sign as of the time this Agreement is fully executed as shown on the signature page and will terminate on November 30, 2025 (“Termination Date”), unless otherwise terminated as provided in Section 27 (the “Term”) or unless both parties elect to renew the Agreement for up to five (5) additional one-year periods. University agrees to give Bank notice by the first day of September 1, 2025 that it desires to extend the Term, and upon mutual agreement the Term may be extended for a one
(1) year period. This extension procedure will likewise be applicable with respect to the four additional one-year periods.
Term and Options to Extend. The Term of this Agreement shall commence on the date on which this Agreement is fully executed by both parties, and shall terminate on June 30, 2017, unless otherwise terminated as provided in Section 24 (the "Term"), and unless Bank shall exercise its option to renew under the Lease (as defined in Section 24) in which event the Term shall terminate on the date on which the Lease, as extended, terminates, or unless both parties elect to renew the Agreement. Notwithstanding the foregoing, the Bank acknowledges that University shall have the right to issue a new Request for Proposal (the "New RFP") prior to any extension hereof and to condition any extension on Bank's agreeing to such terms and conditions as University may propose based on Bank's responses to the New RFP.
Term and Options to Extend. The term of this Lease shall be for a period of three (3) year beginning on May 1, 2010. The lease shall automatically renew for successive three (3) year periods. If either party desires to terminate the Lease, the terminating party shall give written notice to the other party sixty (60) days prior to the end of the term.
Term and Options to Extend. Performance of this Agreement shall commence on February 1, 2017 ("Commencement Date") and shall terminate five (5) years thereafter on January 31, 2022, unless otherwise terminated as provided in Section 26 (the "Term") or unless both parties elect to renew the Agreement for up to four (4) additional one-year periods. NJIT agrees to give Bank notice by the first day of October 2021 that it desires to extend the Term and upon mutual agreement, the Term shall be extended for a one (1) year period. This extension procedure shall likewise be applicable with respect to the three (3) additional one-year periods. An Academic Year ("Academic Year") will run from June30 to Julyl each year following the Commencement Date of this Agreement.
Term and Options to Extend. The Term of this Agreement shall commence on October 1, 2011, and shall terminate on September 30, 2014, unless otherwise terminated as provided in Section 19 (the “Term”) or unless both parties elect to renew the Agreement upon mutually agreeable royalty payment terms for up to 5 additional one-year terms by giving notice no later than the first day of August prior to the end of the Term.
Term and Options to Extend. The initial term of this Agreement shall commence on June 1, 2019 (the "Commencement Date"), and shall terminate on March 31, 2024, unless otherwise terminated as provided in Section 1.2 (the "Initial Term"). The Agreement may be extended for five (5) additional one
(1) year terms by written agreement between the parties of their decision to extend no later than the 1st day of October prior to the extension. In addition, the University may extend any Term through May 31 in the year of termination in order to avoid cessation of Bank's services in the middle of an academic year/term by written notice of the University of its decision to extend no later than the 1st day of October prior to the extension. The Initial Term and any extensions thereof shall be collectively referred to herein as the Term.
Term and Options to Extend. The term of this Agreement shall commence on (the “Commencement Date”) and shall continue thereafter for an initial term of two (2) years until (the “Initial Term”). Upon the expiration of the Initial Term, this Agreement shall remain in effect for three (3) additional periods of one (1) year each (each being an “Annual Term”) unless either party delivers a written notice of termination to the other party at least ninety (90) days before the expiration of the Initial Term or any Annual Term then in effect. The date on which this Agreement expires as provided in this Section 2.A is the “Expiration Date.”
